Press Releases

 September 13, 2012
Treasury Metals announces increase in previously announced financing to $5.0 million


TORONTO, Sept. 13, 2012 /CNW/ - Treasury Metals Inc. ("Treasury Metals" or the "Company") is pleased to announce that it has amended the terms of the previously announced bought deal private placement with a syndicate of underwriters led by Canaccord Genuity Corp. and including Casimir Capital Ltd. and Jennings Capital Inc. (collectively, the "Underwriters") to increase the size of the offering by an additional $2.0 million for total gross proceeds to the Company of $5.0 million (the "Underwritten Offering") in any combination of units and flow-through common shares.

In addition, the Underwriters and the Company have agreed to amend the terms of the Offering to allow the Underwriters to sell, in any combination, additional units and flow-through common shares to raise additional gross proceeds of up to $1.0 million (the "Over-Allotment Option" and together with the Underwritten Offering, the "Offering"). If exercised in full, the total size of the Offering would increase to $6.0 million.

The net proceeds raised through the Offering will be for the advancement of the Company's assets and for general working capital purposes.

Forward Looking Statements

This press release contains forward-looking statements such as the expected use of the net proceeds from the private placement, our future financial condition, business plans and objectives, results of operations and business. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance or events and involve risks and uncertainties that are difficult to predict and may be beyond Treasury Metals' control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth herein and in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

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